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Multi-Family

279 NE 79th St

279 NE 79th St, Miami, FL 33138

Listing Price: $6,900,000

Lot Size
1.01 acres
Price/Acre
$6,831,000
Land Type
Land

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale 279 NE 79th St. Miami, FL. The property is a retail covered land opportunity allowing a developer income while obtaining approvals for 151 apartment units.  The lot is 44,000 SF with T6-8 zoning which allows for 150 units per acre, up to eight floors with bonus up to 12 floors. The floor aera ratio of 5:1 allows for approximately 220,000 buildable square feet with 25% additional buildable footage with public benefit. The property is situated on a major thoroughfare that provides ease of access from I-95 to Miami Beach, which is minutes from the property. This corridor of NE 79 Street is dubbed the Little River district which is minutes from Wynwood, Design District, The Upper East Site (MIMO) and block from the soon to be Magic City Development. This area of Little River has seen an influx of new restaurants and retail. Projects within walking distance are the Citadel a food hall, bar and executive office building. Recent renovated shopping centers have lease to 100% occupancy with new hip food and retail concepts. Soon to open is the Little Rive Center with will have apartments and retail; all within in blocks of the property. This location will soon be within walking distance to a train station allowing north south transportation throughout Dade, Broward and Palm Beach. This location allows easy access to I-95 and US-1 (Biscayne) and is minutes from Miami Beach heading east on 79th Street. This is a benefit for a developer to capture renters that want to be in the up-and-coming neighborhood with easy access to everything.

Investment Highlights

  • The lot is 44,000 SF with T6-8 zoning which allows for 150 units per acre, up to 8 floors with bonus up to 12 floors.
  • This location allows easy access to I-95 and US-1 (Biscayne) and is minutes from Miami Beach heading east on 79th Street.
  • This corridor of NE 79 Street is dubbed the Little River district which is minutes from Wynwood, Design District, The Upper East Site (MIMO) and block from the soon to be Magic City Development.

Exclusively Listed By

Listing Price: $6,900,000

Lot Size
1.01 acres
Price/Acre
$6,831,000
Land Type
Land

Investment Highlights

  • The lot is 44,000 SF with T6-8 zoning which allows for 150 units per acre, up to 8 floors with bonus up to 12 floors.
  • This location allows easy access to I-95 and US-1 (Biscayne) and is minutes from Miami Beach heading east on 79th Street.
  • This corridor of NE 79 Street is dubbed the Little River district which is minutes from Wynwood, Design District, The Upper East Site (MIMO) and block from the soon to be Magic City Development.

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale 279 NE 79th St. Miami, FL. The property is a retail covered land opportunity allowing a developer income while obtaining approvals for 151 apartment units.  The lot is 44,000 SF with T6-8 zoning which allows for 150 units per acre, up to eight floors with bonus up to 12 floors. The floor aera ratio of 5:1 allows for approximately 220,000 buildable square feet with 25% additional buildable footage with public benefit. The property is situated on a major thoroughfare that provides ease of access from I-95 to Miami Beach, which is minutes from the property. This corridor of NE 79 Street is dubbed the Little River district which is minutes from Wynwood, Design District, The Upper East Site (MIMO) and block from the soon to be Magic City Development. This area of Little River has seen an influx of new restaurants and retail. Projects within walking distance are the Citadel a food hall, bar and executive office building. Recent renovated shopping centers have lease to 100% occupancy with new hip food and retail concepts. Soon to open is the Little Rive Center with will have apartments and retail; all within in blocks of the property. This location will soon be within walking distance to a train station allowing north south transportation throughout Dade, Broward and Palm Beach. This location allows easy access to I-95 and US-1 (Biscayne) and is minutes from Miami Beach heading east on 79th Street. This is a benefit for a developer to capture renters that want to be in the up-and-coming neighborhood with easy access to everything.

Exclusively Listed By

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